President Debate 2

Obama thinks that the Middle Class should have a break on taxes, when McCain wants to stop the wasteful spending, help people out , and restore the economy. All these things need to happen to our economy, but our Middle Class is the one that needs the most help. McCain's wants to give the big businesses a break from taxes when they do not need it. The Middle Class is the ones that keep our country going. They work, and support the small businesses, that helps support the country. Obama believes that Bush is the reason why our economy is going down hill since we had a lot of wasteful spending. He also wants to help out on the income and the wages. McCain wants to stabilize the markets, which would be good for us, but bad for them. Obama wants to cut the spending and focus on saving our money and getting out of debt. McCain blames Obama for wasteful spending and thinks that we should build nuclear plants in our country because nuclear power is the way to go. He also thinks that he can work on health, energy, and nuclear war fair at the same time. Obama wants to work on them one at a time, but he wants to do energy first, then health, and then education. McCain's programs may eliminate deficit spending, and he recommends a spending freeze. Obama believes in the clean coal technology and wants to cut the oil companies money to save money and he would like to have leadership from Washington. McCain describes Obama as Herbert Hoover, he will cause the small business to lose their jobs instead of helping the people that make our country keep going. He also wants to reduce the income tax on the Middle Class. Obama wants to have a tax cut for 90% of Americans and wants to make an investment, but wants the people to look at their backgrounds. Meaning Obama and McCain's background. McCain has talked to leaders that know how to run our country when Obama hasn't done anything to help him out. McCain wants to get away from the Bush Administration so he can fix nuclear power, green technology, and taxes. He wants to increase 95% of people's income taxes about $5,000 as a refund. Obama wants to lower the premium and thinks that the government to crack down on insurance companies that cheat the people. McCain wants to prevent the spreading of terrism as well as wanting the troops to come home to a victory. Obama thinks that we shouldn't go to war and we really shouldn't be giving them our money. He thinks that if we change policies with the Iraq people then that will make everything better, and wants to find Ben La don and kill him because they are plotting to kill more Americans. I believe that McCain did a better job in this election than the last. Because he was more outspoken in this election and had more to say. I still do not know who i am going to vote for in the upcoming election. I am leaning toward John McCain but I have not made up my decision for sure about who I want for President.

Economy

Our economy is in bad spot right now. The government is spending lots of money on the war in Iraq. I believe we should be supporting the war and that we should have went to war when 911 first happened. But now we are spending money and part of that is ending up in the hands of the Iraq people that are fighting us. The other reason the economy is the way it is, is because we have people with big businesses that do not know how to take care of there billions of dollars. Now they expect the hard working middle class to bail them out.

Sept. 14th the Lehman brothers were on the brink of collapse and they scrambled for a buyer. Sept. 15th AIG hit with a downgrade needing 85 billion bailout for AIG. Sept. 17th gold rose 70$, oil rose 6$. The Dow dropped 450 points by the end of the day. Sept. 18th central banks around the world to invest a total of $180 billion in global financial markets. AIG was tossed out of the Dow Jones industrial average and replaced with food giant Kraft. Sept. 19th Treasury Secretary Paulson outlined the governments plan to put up hundreds of billions of dollars to help stem the crisis, saying ''' the financial security of all Americans... depend on the our ability to restore our financial institutions to a sound footing.''' Sept. 20 administration asking for $700 billion to buy troubled mortgage assets and get the financial system flowing again. Sept. 21 Pelosi said ''' we will not simply hand over $700 billion blank check to wall street and hope for a better outcome.'''Sept. 22 massive federal bailout that was greeted with relief on Friday sending the Dow up 369 point. Sept. 24 debate about the bush administration's proposed $700 billion bailout raged on. Sept. 25 Washington mutual collapsed late Thursday night marking the biggest bank failure in history. Sept. 29 the house of representatives voted down the $700 billion financial bailout plan by a 228-205 margin. the Dow plunged 777 points its largest one-day point drop ever.

The $700 billion dollar bail out plan was the first bail out plan. It did not work because there were not enough regulations for the big businesses and the republicans didn't give enough support and the tax payers would have to pay it back. The billion dollar bail out that was before congress is now passed to bail out the big businesses.